16th Jul 2026 10:54
(Alliance News) - The advisers to wealth management firm Utmost are in the advanced stages of preparing for a London initial public offering, the Times reported on Wednesday evening.
"City sources" told the Times that the advisers are targeting the listing, which could value Utmost at GBP2.5 billion, as soon as September. However, the sources also cautioned that these plans could change.
US investment group Oaktree Capital Management, which controls Utmost, was reported in February to be considering either a disposal or IPO of Utmost. As of March, Oaktree had selected JPMorgan Chase and Bank of America to lead on a possible IPO.
Utmost Chief Executive Paul Thompson and Chief Financial Officer Ian Maidens, who co-founded the firm in 2013, both retain holdings alongside Oaktree-managed funds.
The Times said Utmost declined to comment on the matter.
By Emma Curzon, Alliance News reporter
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